Bombardier's Executive Chairman Makes Statement Declining Compensation Increase for 2016
MONTREAL, QUEBEC--(Marketwired - Mar 31, 2017) - (TSX:BBD.A)(TSX:BBD.B)(OTCQX:BDRBF) - Today, Bombardier announced that Mr. Pierre Beaudoin, Bombardier's Executive Chairman, has requested that the Bombardier Board of Directors reset his compensation for 2016 to bring it back to its 2015 level.
"After listening to the recent public debate about the compensation of senior executives at Bombardier, I have asked the Board of Directors to reset my 2016 compensation, reducing it to the 2015 level. Bombardier is a proud Canadian company, with a storied history that began in Quebec and has spread around the world as our business has expanded. The trust and confidence of our people and our governments are extremely important to the company, and to me. It is clear that this situation has become a distraction to the important work done by our employees and senior management to return this great company to growth. I take this step to put the focus back on what matters - the transformation of Bombardier into the most competitive plane and train manufacturer in the world."
- Pierre Beaudoin, Executive Chairman, Bombardier
The company will file a supplement to its 2017 Management Proxy Circular next week to reflect the change to Mr. Beaudoin's 2016 compensation.
Bombardier is the world's leading manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability North America Index. In the fiscal year ended December 31, 2016, we posted revenues of $16.3 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier .
Bombardier is a trademark of Bombardier Inc.
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